Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania is a technology-focused capital provider based in Philadelphia, founded in 1982 to advance the region's technology community. The organization funds and supports technology companies across Pennsylvania, especially in information technology, health, and physical sciences, investing substantial capital in early-stage and established ventures. It has invested over 170 million dollars in more than 1,750 regional technology companies and has launched university-industry partnerships to translate scientific discoveries into commercial products, while seeding regional initiatives that strengthen the entrepreneurial ecosystem and create jobs.

Jonathan Beschen

Investment Director

Anthony George

Analyst

Jennifer Hartt

Managing Director

Kathie Jordan Ph.D

Managing Director

Roze McDevitt

Analyst

Past deals in GreenTech

GrowFlux

Pre Seed Round in 2022
GrowFlux, Inc. is a Philadelphia-based company that specializes in developing advanced lighting and sensing solutions tailored for greenhouses, vertical farms, and cannabis producers. Founded in 2014, the company offers a range of products, including the FluxScale Top Light and GrowFlux Dimmer, which set new standards for control and connectivity in horticultural lighting. GrowFlux also provides comprehensive environmental monitoring packages for indoor cannabis production, ensuring facilities operate efficiently and maintain quality while minimizing disease risks. Additionally, the company has created an industrial wireless mesh and a cloud software application that facilitates zone and schedule management, allowing users to access customized lighting schedules and spectrum settings for optimal crop outcomes. By integrating IoT control and automation technologies, GrowFlux aims to enhance energy efficiency and cost-effectiveness in the agricultural sector.

Nexteon Technologies

Debt Financing in 2020
Nexteon Technologies enhances aviation efficiency through advanced technologies. It offers innovative solutions for Air Navigation Service Providers, commercial and general aviation fleets, and government agencies, aiming to reduce flight time, operational complexity, emissions, and improve safety.

H2O Degree

Seed Round in 2015
H2O Degree designs and supplies wireless submetering, leak detection, and thermostat control systems for multi-family facilities. Its solutions enable building owners and managers to monitor individual apartment water and energy usage, including water, domestic hot water, boiler and chiller energy, electricity, and gas, via wireless metering. The systems help identify leaks, monitor consumption, and automate temperature control, allowing maintenance teams to repair leaks and reduce wasted water and energy, thereby lowering utility costs. By providing granular usage data and alerts, H2O Degree supports asset managers in improving operational efficiency and tenant comfort.

EnviroKure Incorporated

Seed Round in 2014
EnviroKure Incorporated, established in 2011 and headquartered in Philadelphia, Pennsylvania, specializes in the manufacture and distribution of pathogen-free liquid organic fertilizers tailored for agricultural, hydroponic, professional turf, and home gardening applications. The company employs a patented technology that transforms chicken manure, an environmentally challenging waste product, into high-value microbial fertilizers. These products not only comply with USDA National Organic Program and FDA Food Safety standards but also deliver a strong return on investment for both conventional and organic farmers. EnviroKure serves a diverse customer base across 37 states in the U.S., including vegetable, row crop, and hydroponic producers. Notably, key customers in the Midwest control over 130,000 acres and influence input decisions on approximately 1 million acres, indicating significant potential for the use of EnviroKure's offerings in sustainable agriculture.

Netminder

Seed Round in 2014
Netminder LLC is a company based in Gladwyne, Pennsylvania, that specializes in developing innovative antifouling coating technologies for saltwater aquaculture and fishing equipment. Established in 2012, Netminder offers a water-based silicone release coating designed to protect nets, bags, ropes, cages, traps, and buoys from UV degradation and biofouling. The company's flagship product, NETMINDER, provides a nontoxic alternative to traditional copper and organotin-based antifouling coatings, effectively creating a surface that resists the attachment of biofouling organisms. Through laboratory and field tests, NETMINDER has demonstrated superior performance in reducing underwater fouling, aligning with the company's mission to enhance the sustainable efficacy of marine equipment while minimizing environmental impact.

Edify Investment Technologies

Seed Round in 2014
Edify Investment Technologies specializes in providing software solutions tailored for the real estate industry, enhancing the technological capabilities of businesses. The company offers automated application services that cater to both government and commercial sectors. Its services include SharePoint integration, cloud solutions, workforce management, customer relationship management, and the development of custom applications. By delivering these innovative solutions, Edify Investment Technologies enables businesses to improve their operational efficiency and maintain a competitive advantage in an increasingly digital landscape, while also promoting sustainable IT practices.

Holganix

Seed Round in 2012
Holganix, Inc. is a manufacturer of plant-based bio-stimulant soil supplements designed to enhance soil health and promote sustainable growth in plants. Founded in 2010 and headquartered in Glen Mills, Pennsylvania, the company produces a range of products, including those for trees, shrubs, golf courses, and agriculture, as well as granular offerings. A key product, Holganix Bio 800+, contains beneficial microorganisms, microbe food, and nutrient enhancers that optimize soil conditions. By utilizing natural microorganisms, Holganix enables users to significantly reduce fertilizer usage—by as much as 90%—while achieving healthier and more vibrant lawns and trees. The company's products are distributed throughout the United States and are available for purchase online, reflecting its commitment to providing cost-effective and environmentally friendly solutions for landscape and lawn care professionals.

Holganix

Seed Round in 2011
Holganix, Inc. is a manufacturer of plant-based bio-stimulant soil supplements designed to enhance soil health and promote sustainable growth in plants. Founded in 2010 and headquartered in Glen Mills, Pennsylvania, the company produces a range of products, including those for trees, shrubs, golf courses, and agriculture, as well as granular offerings. A key product, Holganix Bio 800+, contains beneficial microorganisms, microbe food, and nutrient enhancers that optimize soil conditions. By utilizing natural microorganisms, Holganix enables users to significantly reduce fertilizer usage—by as much as 90%—while achieving healthier and more vibrant lawns and trees. The company's products are distributed throughout the United States and are available for purchase online, reflecting its commitment to providing cost-effective and environmentally friendly solutions for landscape and lawn care professionals.
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